People Incorporated Common Stock (NASDAQ:PPLI) Given New $56.00 Price Target at The Goldman Sachs Group

People Incorporated Common Stock (NASDAQ:PPLI) had its target price decreased by research analysts at The Goldman Sachs Group from $63.00 to $56.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group‘s price target suggests a potential upside of 35.72% from the stock’s current price.

Other analysts have also recently issued reports about the company. Benchmark raised their target price on People Incorporated Common Stock from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. UBS Group boosted their target price on People Incorporated Common Stock from $49.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded People Incorporated Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Zacks Research lowered People Incorporated Common Stock from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, JPMorgan Chase & Co. started coverage on People Incorporated Common Stock in a research note on Friday, September 11th. They issued an “overweight” rating and a $54.00 price target for the company. Nine analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.77.

People Incorporated Common Stock Trading Up 7.2%

NASDAQ:PPLI traded up $2.76 during midday trading on Wednesday, reaching $41.26. 1,233,130 shares of the stock traded hands, compared to its average volume of 1,102,453. The company has a fifty day moving average of $38.79 and a 200 day moving average of $40.43. People Incorporated Common Stock has a 12 month low of $31.42 and a 12 month high of $48.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.69 and a current ratio of 3.69. The stock has a market capitalization of $2.83 billion, a P/E ratio of -9.38 and a beta of 1.00.

People Incorporated Common Stock (NASDAQ:PPLI) last announced its quarterly earnings results on Tuesday, November 10th. The company reported ($9.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($8.92). People Incorporated Common Stock had a positive return on equity of 13.03% and a negative net margin of 17.01%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, research analysts predict that People Incorporated Common Stock will post 6.97 EPS for the current year.

Institutional Trading of People Incorporated Common Stock

Large investors have recently bought and sold shares of the company. Nilsine Partners LLC purchased a new position in shares of People Incorporated Common Stock during the 2nd quarter worth approximately $1,492,000. Royal Bank of Canada lifted its stake in shares of People Incorporated Common Stock by 5.9% in the 1st quarter. Royal Bank of Canada now owns 458,414 shares of the company’s stock valued at $18,350,000 after purchasing an additional 25,423 shares during the period. Empyrean Capital Partners LP boosted its position in shares of People Incorporated Common Stock by 21.1% during the first quarter. Empyrean Capital Partners LP now owns 820,000 shares of the company’s stock valued at $32,825,000 after purchasing an additional 143,000 shares in the last quarter. Fifth Third Bancorp raised its holdings in People Incorporated Common Stock by 17,176.1% in the first quarter. Fifth Third Bancorp now owns 31,097 shares of the company’s stock worth $1,245,000 after purchasing an additional 30,917 shares in the last quarter. Finally, Whitebox Advisors LLC raised its holdings in People Incorporated Common Stock by 71.8% in the first quarter. Whitebox Advisors LLC now owns 217,383 shares of the company’s stock worth $8,702,000 after purchasing an additional 90,819 shares in the last quarter. 88.90% of the stock is owned by institutional investors.

People Incorporated Common Stock News Roundup

Here are the key news stories impacting People Incorporated Common Stock this week:

• Positive Sentiment: PPLI’s share price rose despite reports of a steep quarterly loss, suggesting investors may be weighing other factors or treating the earnings figures cautiously. People (PPLI) Stock Price Rises Despite Deep Q3 Earnings Loss
• Neutral Sentiment: Truist lowered its target to $59 from $62 but maintained a Buy rating; Citizens JMP cut its target to $47 from $54 and retained Market Outperform; KeyCorp reduced its target to $44 from $50 and kept Overweight. The lower targets temper the bullish ratings, though all three firms still see potential upside from the cited $41.35 price. Read More., Read More., Read More.
• Neutral Sentiment: Q3 EPS reporting is inconsistent: one account says PPLI earned $2.63 per share, beating estimates, while other reports cite a loss of about $9.15 per share versus an expected loss of $0.23. Investors may want to check the company’s release or call transcript to resolve the discrepancy. Read More., Read More.
• Negative Sentiment: Revenue was reported at $430.8 million, down 3.6% year over year. Some earnings reports also cite a substantial quarterly loss, which would be a significant concern if confirmed. Read More.

About People Incorporated Common Stock

IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle. It also operates a digital marketplace that connects home service professionals with consumers for repairing, remodeling, cleaning, landscaping, maintenance, and enhancement services under the Angi Ads, Angi Leads, and Angi Services brands.